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Phillips secures watch sales worth $63 million in record spring sale season

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Patek Philippe ref. 2523.

Phillips is celebrating a record spring season with sales up 25% over the pre-pandemic spring of 2019.

Across all sectors, Phillips reported total sales of $542,680,708.

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The business also opened its new headquarters in New York at 432 Park Avenue.

Among the headline auction results, the company has claimed the highest price for any watch sold this year for the $7.8 million price of a Patek Philippe, reference 2523 with “Eurasia” dial from 1953.

Phillips sold 100% of all watches offered across Hong Kong, Geneva, and online sales, realizing over $68 million total.

Its Geneva Watch Auction: XIII sale totaled $42.3 million, among the highest watch auction totals in history.

“The Spring 2021 sales were truly extraordinary, surpassing pre-pandemic levels with strong international participation across all of Phillips’ platforms,” a statement from Edward Dolman, Phillips’ CEO and Cheyenne Westphal, Phillips’ global chairwoman, says.

“Our several “White Glove” sales across New York, Geneva and Hong Kong demonstrate a great sense of optimism and confidence in the market and have led to Phillips maintaining the highest sell-through rates in the industry,” they add.

Digital engagement with Phillips auctions also rose. There was a 122% increase in visitors to its website, 126% increase in new clients, 84% increase in the number of lots sold online and 184% increase in the value of works sold online.

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